ENROLLED
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 75
Regular Session, 2012
HOUSE BILL NO. 285
BY REPRESENTATIVE BROADWATER
AN ACT1
To amend and reenact R.S. 49:327(B)(2), relative to funds on deposit in the state treasury;2
to provide relative to the investment of funds in the state treasury; to provide relative3
to the maturity of securities purchased as investments; and to provide for related4
matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 49:327(B)(2) is hereby amended and reenacted to read as follows:7
ยง327. Authorized investments; maturity; interest rates8
* * *9
B.10
* * *11
(2) Investments authorized by Subparagraphs (a) through (f) of Paragraph12
(1) of this Subsection shall mature on such date or dates as determined by the state13
treasurer in the exercise of prudent judgment to generate a favorable return to the14
state and will allow the monies to be available for use at such time as the monies will15
be needed for state purposes. However, the weighted average maturity of securities16
purchased as enumerated in Subparagraphs (a) through (f) of Paragraph (1) of this17
Subsection shall not exceed five years from date of purchase. For monies invested18
from special funds, the weighted average maturities shall not exceed ten years from19 ENROLLEDHB NO. 285
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
date of purchase. Special funds shall be considered those funds created1
constitutionally, statutorily, or administratively which are not considered general2
funds.3
* * *4
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: